Sept 30 (Reuters) - William Hill said on Wednesday it had agreed to be acquired by Caesars Entertainment, which has valued the British bookmaker at 2.9 billion pounds ($3.72 billion), and would give the U.S. casino operator full control of a quickly expanding U.S. sports-betting and online business.
“The William Hill Board believes this is the best option for William Hill at an attractive price for shareholders,” William Hill Chairman Roger Devlin said. ($1 = 0.7794 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.